- Ein heißes Silbergerücht ausm CDE-Yahoo-Board (Buffet & Bullion Banks) - yatri, 05.01.2002, 20:02
- Re: Ein heißes Silbergerücht ausm CDE-Yahoo-Board (Buffet & Bullion Banks) - JüKü, 05.01.2002, 20:07
- Ich glaube nicht, dass die Lease Rates stimmen bei Kitco... - Tofir, 05.01.2002, 21:02
- Re: Ein heißes Silbergerücht ausm CDE-Yahoo-Board (Buffet & Bullion Banks) - JüKü, 05.01.2002, 20:07
Re: Ein heißes Silbergerücht ausm CDE-Yahoo-Board (Buffet & Bullion Banks)
>Update on silver
>
>Silver has been driven down by short sellers as well as a fall off in industrial demand due to the
>recession. We at Centennial could not figure out who would be selling short at such low prices
>($4.50 and lower) until the bankruptcy of Enron occurred. Then all the dirty laundry came to
>light. Apparently, Enron used Rudolf Wolff as its commodities broker to clear its trades. And so
>did Warren Buffet. And good old Warren deposited his physical silver with Rudolf Wolff and
>Enron helped themselves to it through the leasing program. Everything was going along just fine
>until Enron went bust.
>The story out on the street (which has been mentioned on this site before) is that Warren Buffet
>now wants his silver back--approximately 50 million ounces of his 130 million ounces total. The
>problem is that Enron sold it into the market and now it is gone. Normally, that would be the
>end of the story because bankruptcy discharges all obligations. But in silver and gold leasing
>deals, a third-party guarantor is required just in case things go sour. That third-party guarantor is
>one of the major bullion banks. (Take your pick from Goldman Sachs, Deutsche Bank, JP
>Morgan Chase, et al. Nobody knows for sure because nobody is talking.)
Das klingt sehr nachvollziehbar! Aber offenbar hat man die Sache wieder in den Griff bekommen, s. die Lease-Rates.
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